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FT editor Rula Khalf, selects his favorite stories in this weekly newspaper.
Since they trade the complex for the job market, the freshly encountered graduates are shining quickly. From North America to Europe, the university’s liver is struggling to find suitable work. Unemployment rate for Bachelor of recent college For the first time in the US, the Kovid -19 has been continuously above the national level since the epidemic. In the European Union, the employment rate of children between 15- to 25 years has fallen in the last two years. Even Crame de la cram is struggling. The percentage of MBA students of Harvard Business School and MIT Slone has increased rapidly since 2021 after three months of offering any job.
The rise of artificial intelligence is a factor. In the US, entry-level tech jobs are coming under pressure as coding works are automatic. The unemployment rate for computer engineering graduates is 7.5 percent; The national rate is 4.1 percent. In the UK, Big Four Accountancy firms have cut back to the initial career higher in recent years. Economists and recruiters are encouraged by high cost UK Professional Services Firm usually firm to experiment with AI in more administrative functions organized by Juniors.
But the plight of graduates is before the emergence of the large language model in the workplace. Other structural development are in sports. As more young universities around the world are choosing to go to the university, competition has been raised for jobs. In Canada, a popular destination for young graduates, unemployment rate for people under 25 after secondary education in the first quarter was 11.2 percent. Last year, there were an average of 140 applications per graduate job in Britain – according to the highest in three decades, Student employer institute,
As the supply of graduates learned has increased, demand has come under pressure. Actually research, a job search site, finds that the share of US job posting has fallen at least bachelor’s degree Last five yearsFor the public sector, civil services are being squeezed into cash-stapped advanced economies. Multinational companies with large graduate programs are also developing global capacity centers in low-cost hubs like India, where they are outsourcing more efficient roles such as data analytics rather than only back-office tasks.
The recent economic cycles have not been kind to recent graduates. Many professional services and tech firms overhourne over-old years, assuming that the activity would bounce back rapidly. The recruitment has been subdued since the round. The demand for investment banking analysts and new qualified lawyers has also been subjected to global merger and acquisition activity. Global economic uncertainty makes investment plans for businesses and makes cycles to work.
Even if the economic environment improves, graduates are still struggling with competition for AI’s rise and entry level jobs in the workplace. To ensure that students have a better understanding of post-graduation possibilities, will help them to make intelligent course options. Universities and private sector will need to cooperate more closely if the course is to develop with the changing demands of the work. Nevertheless, businesses and governments will need to raise support for adult training and lifetime learning; A three -year degree may quickly become obsolete. University graduates travel should also encourage more investment in non-degree vocational training and training opportunities, as businesses have been calling for a long time.
A surf of unemployed couples is bad for society and economy. To ensure that it does not form a facility, education must develop from having a ticket for a toolkit of skills for a changing world.
